Economic and Financial Review

Article Title

Managing the downside risk of surging capital flows on financial stability in Sub-Saharan African countries


Author #1


The paper shows the two trends in private capital flows to Sub-Saharan Africa to include portfolio and cross-border bank lending. Following a net outflow in 2008-2009 due to the global financial crisis, capital flows have improved strongly. Net private capital flows are estimated by the IMF to exceed the pre-crisis peak of US$21bn in 2008, reaching US$30bn in 2013.